SATURDAY 9TH JUNE 2018

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Nigeria Eyes $1.3bn from Asset Sales This Year Buhari appoints Shonubi new CBN Deputy Governor-Designate Omololu Ogunmade in Abuja Nigeria expects to raise about N400 billion ($1.3 bn) via asset sales this year, part of which would help finance its record 2018 budget. The Director General of the

Bureau of Public Enterprises (BPE), Alex Okoh, who disclosed this to Reuters, added that the government had a list of 11 assets it plans this year, either to sell to strategic investors or offer to private companies to lease and run on concession, ranging from

power assets to sports stadiums. Sources have also said the government planned to sell part of its stake in Nigerian Reinsurance Company through an IPO in November. The BPE DG added that the federal government had finalised

plans to start a post-privatisation programme for its power sector with a $1 billion credit from the World Bank to boost power distribution and transmission which has underperformed. In 2013, Nigeria, which is plagued by blackouts, started

selling parts of its moribund state electricity firm in a privatisation that was meant to improve power supplies and attract billions of dollars in new investments - neither of which happened. Okoh said the power sector was among 37 per cent of

privatised enterprises that had underperformed, without providing a figure on how many assets have been sold. He added that the country had attracted $7.8 billion in foreign Continued on page 6

FG Invites Ex-SDP Governors, Nwosu, Ayu for June 12 Democracy Day Ceremony

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Buhari Signs Bill StoppingVP, Deputy Govs from Seeking 2nd Term Three other bills granting state legislatures, judiciary autonomy signed Omololu Ogunmade in Abuja President Muhammadu Buhari yesterday signed a Constitution

Alteration Bill Number 16 disallowing any vice-president or deputy governor who succeeds his boss on account of death or

resignation from seeking 2nd term in office. The bill, which was orchestrated by the experience of former

President Goodluck Jonathan, who after succeeding the late President Umaru Yar'Adua contested elections twice.

While he won the first election, he was defeated at the second attempt but both the preparation for the election and the

outcome heated the polity like furnace as it marked the first Continued on page 6

Obasanjo: FG Plotting to Arrest, Detain Me

Atiku alarmed, urges government to retrace steps PDP: It confirms our fears that our dear nation has descended into a police state We will not be distracted by frivolous allegations, says FG Femi Ogbonnikan in Abeokuta and Onyebuchi Ezigbo and Olawale Ajimotokan in Abuja Former President Olusegun Obasanjo yesterday cried out over alleged plot by the agents of the federal government to arrest and clamp him into detention. The former President in a statement released by his media aide, Kehinde Akinyemi, attributed the alleged plot to his constant criticisms of the “inadequacies and bad policies of the Buhari’s APC-led.” In a swift reaction, former vice president Atiku Abubakar expressed serious concern about Obasanjo’s claims and advised that government and its agents should retrace their steps “to avoid aggravating the already over heated polity.” However, the Minister of Information and Culture, Alhaji Lai Mohammed, said the Buhari administration would not be distracted by “frivolous allegations from any quarter.”

Obasanjo in his statement claimed that he had become an enemy of the APC-led administration, following his State-of-the-Nation special statement on January 23, 2018, “which is an aftermath of the current desperation to frustrate, intimidate and blackmail him into abandoning his divine mandate to protect the rights of the people to better life and living continued unabated.” The statement reads: Based on information, impeccable security sources have alleged Chief Obasanjo's name is on their watch list and that the security of his life cannot be guaranteed. "Many of these agents of government that are in the top echelon of the nation’s security management and close to the corridors of power, the operatives are daily perfecting how to curtail the personal liberties of the former President and hang a crime on him. "Ordinarily, we would not have dignified these reports with Continued on page 6

Soldiers Allegedly Kill Mother, Six Months Baby, Two Others in Bayelsa Raid … Page 10

THE DRUMMER BOY ... Vice President Yemi Osinbajo displays his drumming skills to the admiration of Oyo State Governor, Abiola Ajimobi during the VP's courtesy visit to the governor in Ibadan ... yesterday

Tinubu’s Men Plotting against Ambode’s Second Term, Says Oki

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